Domtar Corp (UFS) Receives Consensus Rating of “Hold” from Analysts

Domtar Corp (NYSE:UFS) (TSE:UFS) has been assigned a consensus rating of “Hold” from the seventeen brokerages that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $45.42.

Several research firms have recently weighed in on UFS. BMO Capital Markets reaffirmed a “hold” rating and set a $47.00 target price on shares of Domtar in a report on Thursday. DA Davidson lifted their target price on shares of Domtar to $37.00 and gave the company an “underperform” rating in a report on Monday, October 30th. Zacks Investment Research lowered shares of Domtar from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 17th. Citigroup reaffirmed a “sell” rating and set a $40.00 target price (down from $41.00) on shares of Domtar in a report on Thursday, October 5th. Finally, KeyCorp set a $33.00 target price on shares of Domtar and gave the company a “sell” rating in a report on Friday, October 27th.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in Domtar by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 5,342,007 shares of the basic materials company’s stock worth $205,240,000 after purchasing an additional 53,417 shares during the last quarter. Fairpointe Capital LLC boosted its stake in Domtar by 5.6% during the 2nd quarter. Fairpointe Capital LLC now owns 3,870,164 shares of the basic materials company’s stock worth $148,692,000 after purchasing an additional 205,810 shares during the last quarter. State Street Corp boosted its stake in Domtar by 0.5% during the 2nd quarter. State Street Corp now owns 1,772,703 shares of the basic materials company’s stock worth $68,104,000 after purchasing an additional 8,827 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Domtar by 0.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,097,537 shares of the basic materials company’s stock worth $47,622,000 after purchasing an additional 5,336 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Domtar by 3.7% during the 2nd quarter. Goldman Sachs Group Inc. now owns 596,978 shares of the basic materials company’s stock worth $22,936,000 after purchasing an additional 21,327 shares during the last quarter. 91.12% of the stock is currently owned by institutional investors.

Domtar (UFS) traded up $0.63 during trading hours on Friday, hitting $51.70. 339,242 shares of the stock traded hands, compared to its average volume of 523,032. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.20 and a current ratio of 2.29. The stock has a market cap of $3,201.77, a price-to-earnings ratio of 18.53, a price-to-earnings-growth ratio of 3.55 and a beta of 1.54. Domtar has a 52-week low of $35.47 and a 52-week high of $51.70.

Domtar (NYSE:UFS) (TSE:UFS) last posted its earnings results on Friday, October 27th. The basic materials company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.30. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.26 billion. Domtar had a net margin of 3.44% and a return on equity of 6.17%. The business’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.13 EPS. equities research analysts forecast that Domtar will post 2.67 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, January 15th. Shareholders of record on Tuesday, January 2nd were paid a dividend of $0.415 per share. The ex-dividend date of this dividend was Friday, December 29th. This represents a $1.66 annualized dividend and a yield of 3.21%. Domtar’s dividend payout ratio (DPR) is presently 59.50%.

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About Domtar

Domtar Corporation designs, manufactures, markets and distributes a range of fiber-based products, including communication papers, specialty and packaging papers and absorbent hygiene products. The Company segments include Pulp and Paper and Personal Care. The Pulp and Paper segment consists of the design, manufacturing, marketing and distribution of communication, specialty and packaging papers, as well as softwood, fluff and hardwood market pulp.

Analyst Recommendations for Domtar (NYSE:UFS)

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